Answer to Question #284624 in Macroeconomics for Noor

Question

Given the following data, calculate NDP at FC.

Particulars

(In Lakhs)

1. Wages

10,000

2. Rent

5,000

3. Interest

400

4. Dividend

3,000

5. Mixed income

400

6. Undistributed profit

200

7. Contribution to social security schemes (employer)

400

8. Corporation Profit tax

400

Answer 1

NDP = (Wages + Rent + Interest + Dividend + Mixed income + Undistributed profit + Social security contribution + Corporate profit tax)

NDP = (10000 + 5000 + 400 + 3000 + 400 + 200 + 400 + 400) = 19800

NDP = 19800